*๐ ETH/USD Technical Setup: Ready for a Rebound? ๐*
Hereโs a quick breakdown of the Ethereum price action on this chart ๐
๐ *Chart Overview:*
- Price is currently around *2,426* after a recent dip.
- Marked *Strong High* near2,480 as resistance.
- *Weak Low* zone highlighted around 2,380โ2,395, acting as support.
- Multiple *Break of Structure (BOS)* signals show buyers stepping in, pushing price upward.
๐ *Trending Signals:*
1. โ Price holding above the weak low support zone โ good sign for bulls.
2. ๐ BOS indicates a shift from bearish to bullish momentum.
3. ๐ Testing resistance near 2,480 โ a break here could trigger a strong upside move.
๐ฏ *Targets:*
- ๐ฏ Immediate target: *2,480* (Strong High resistance)
- ๐ฏ Next target after breakout: *2,568*
- โ Invalid if price drops below2,380 support (weak low zone)
๐ฎ *Prediction & Analysis:*
Ethereum shows signs of recovery after a dip. If it breaks above 2,480, expect a bullish run towards2,568. However, watch for support at $2,380 โ a drop below could mean more downside ahead. Overall, bullish momentum is building but needs confirmation at resistance. $ETH